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English Release 22-November 2014
Date Month Year
  • President's Secretariat
  • State Civil Service Officers Undergoing the 116th Induction Training Programme At Lbsnaa Call On The President
  • Vice President's Secretariat
  • Vice President Emphasizes the Need for Continual Oversight to Ensure that Liberty is not Smothered in Material Prosperit
  • Min of Defence
  • National Cadet Corps Celebrates 66th Anniversary
  • Ministry of Finance
  • Competition Commission of India (CCI) Invites Comments from Public in Respect of Proposed Combination Between Holcim Limited and Lafarge S.A.
  • Min of Health and Family Welfare
  • Press Note on Ebola
  • Min of Information & Broadcasting
  • Team Of ‘Gour Hari Dastaan: The Freedom File’ Meets the Press at the 45TH IFFI
  • Directors and Producers of Indian Panorama Opening Films in the 45th IFFI Interact with the Media
  • Indian Philosophy of Mutual Respect and Love are My Source of Inspiration: Paul Cox
  • ‘Salam Cinema’ Screening Opens Mohsen Makhmalbaf Retro
  • Min of Petroleum & Natural Gas
  • Review of Modified DBTL scheme after one week of launch on 15.11.14 in 54 districts
  • Min of Urban Development
  • Venkaiah Naidu, Urban Development Minister, delivers Keynote Address at US – India Smart Cities Conclave
  • Shri M.Venkaiah Naidu visits market, residential areas in R K Puram, New Delhi to check cleanliness
  • Ministry of Water Resources
  • Government to Start Jal Gram Scheme in Every District Says Uma Bharti
  • Our District-Our Water Programme to be Launched to take the Message of Water Conservation to Every Village of the Country-Uma Bharti

Previous Date

 
Ministry of Petroleum & Natural Gas16-November, 2012 15:52 IST
Under-Recovery on Diesel Effective 16.11.2012 remains high at Rs 9.06 Per litre
Under-recoveries for November on Domestic LPG Rs 478.50 per Cylinder and on PDS Kerosene Rs 31.30 per Litre
OMCs Incurring Daily Under-Recoveries of Rs 412 Crore
Daily Crude Oil Price for Indian Basket rises to US$ 107.91 per barrel on 15.11.2012

‘20’

 

The Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas have reviewed international prices of crude oil and petroleum products during the Ist Fortnight of November 2012. Accordingly, the under-recovery on High Speed Diesel (HSD) applicable for 2nd fortnight of November effective 16.11.2012 though slightly lower, remains high at Rs 09.06/Litre. In case of PDS Kerosene and Domestic LPG the under-recoveries effective for November 2012 are Rs 31.30/Litre and Rs 478.50/cylinder respectively.

 

           Product-wise Under-recoveries of Public Sector Oil Marketing Companies (OMCs);

Product

Unit

Under-recoveries effective November 16,  2012

(Effective 01.11.2012 to 15.11.2012)

Diesel

Rs/Litre

         9.06           (9.84)             

PDS Kerosene*

Rs/Litre

        31.30          (31.30)   

Domestic LPG*

Rs/Cylinder

     478.50       (478.50)

*Additionally, a subsidy of Rs 0.82/Litre on PDS Kerosene and Rs 22.58/Cylinder on Domestic LPG is provided by the Government. The under-recoveries on these products are computed on monthly basis.

 

 OMCs are currently (effective 16 November 2012) incurring daily under-recovery of about Rs 412 crore on the sale of Diesel, PDS Kerosene and Domestic LPG.

 

Further, the OMC’s have reported the following under-recoveries during April-September 2012: 

Product

Under Recovery (Rs/Crore)

 

2012-13

(April-September  2012)

2011-12

2010-11

Diesel

52,711

81,192

34,706

PDS Kerosene

14,331

27,352

19,484

Domestic LPG

18,544

29,997

21,772

Petrol

--

--

2,227

Total

85,586

138,541

78,190

 

3. Details of average International FOB price and Exchange rates are:

Particulars

Unit

Price on last trading day i.e., 15 November, 2012 (Previous trading day of 14.11.2012)

Fortnight

November)01-15, 2012

(previous fortnight 16 - 31/10/ 2012)

Crude Oil (Indian Basket)

($/bbl)

              107.91        (106.75)

                  106.69   (109.01)        

(Rs /bbl)

            5930.73      (5863.78)

                5797.53 (5834.22)      

Exchange Rate

(Rs/$)

                54.96          (54.93)                 

                    54.34     (53.52)             

 

RCJ/RKS – Under-recovery 16-11-2012      


(Release ID :89072)

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